Biden’s policy on crypto taxation undermines his environmental goals
We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…
https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/
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We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…
https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/
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Breaking: Binance CEO CZ rejects allegations of market manipulation
Changpeng ‘CZ’ Zhao has refuted claims made by the Commodities Futures and Trading Commission in its March 27 complaint against Binance.
Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances.”
In a…
https://cryptoinsight.ae/breaking-binance-ceo-cz-rejects-allegations-of-market-manipulation/
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Changpeng ‘CZ’ Zhao has refuted claims made by the Commodities Futures and Trading Commission in its March 27 complaint against Binance.
Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances.”
In a…
https://cryptoinsight.ae/breaking-binance-ceo-cz-rejects-allegations-of-market-manipulation/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 3.1% change in the last 24 hours
Bitcoin ~ $27,560.02 (2.2%)
Ethereum ~ $1,790.68 (4.1%)
Solana ~ $20.89 (5.1%)
Polkadot ~ $6.17 (5.3%)
Flow ~ $0.957436 (4.8%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 3.1% change in the last 24 hours
Bitcoin ~ $27,560.02 (2.2%)
Ethereum ~ $1,790.68 (4.1%)
Solana ~ $20.89 (5.1%)
Polkadot ~ $6.17 (5.3%)
Flow ~ $0.957436 (4.8%)
Follow and subscribe - @GulfCryptoInsight
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Scam alert: MetaMask warns users of deceptive March 31 airdrop rumors
MetaMask posted a warning on its Twitter after coming across rumors of an upcoming MetaMask snapshot or airdrop on social media.
Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media.
According to a March 28 tweet from…
https://cryptoinsight.ae/scam-alert-metamask-warns-users-of-deceptive-march-31-airdrop-rumors/
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MetaMask posted a warning on its Twitter after coming across rumors of an upcoming MetaMask snapshot or airdrop on social media.
Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media.
According to a March 28 tweet from…
https://cryptoinsight.ae/scam-alert-metamask-warns-users-of-deceptive-march-31-airdrop-rumors/
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The government should fear AI, not crypto: Galaxy Digital CEO
Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto vs AI regulation.
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake”…
https://cryptoinsight.ae/the-government-should-fear-ai-not-crypto-galaxy-digital-ceo/
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Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto vs AI regulation.
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake”…
https://cryptoinsight.ae/the-government-should-fear-ai-not-crypto-galaxy-digital-ceo/
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‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork
Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.
Ethereum validators will soon be able to withdraw their Ether from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.
Shapella will take effect at epoch 194,048, which is…
https://cryptoinsight.ae/withdrawals-are-coming-ethereum-devs-confirm-epoch-for-shapella-fork/
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Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.
Ethereum validators will soon be able to withdraw their Ether from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.
Shapella will take effect at epoch 194,048, which is…
https://cryptoinsight.ae/withdrawals-are-coming-ethereum-devs-confirm-epoch-for-shapella-fork/
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Zero-knowledge proofs coming to Bitcoin, overhauling network state validation
Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin.
Bitcoin users will soon be able to use zero-knowledge proofs (ZK-proofs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain.
ZeroSync Association, a Swiss-based nonprofit, is developing tooling which allows users to validate the state…
https://cryptoinsight.ae/zero-knowledge-proofs-coming-to-bitcoin-overhauling-network-state-validation/
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Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin.
Bitcoin users will soon be able to use zero-knowledge proofs (ZK-proofs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain.
ZeroSync Association, a Swiss-based nonprofit, is developing tooling which allows users to validate the state…
https://cryptoinsight.ae/zero-knowledge-proofs-coming-to-bitcoin-overhauling-network-state-validation/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 2.2% change in the last 24 hours
Bitcoin ~ $28,641.49 (3.7%)
Ethereum ~ $1,800.62 (0.4%)
Solana ~ $21.08 (0.7%)
Polkadot ~ $6.20 (0.1%)
Flow ~ $0.985392 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 2.2% change in the last 24 hours
Bitcoin ~ $28,641.49 (3.7%)
Ethereum ~ $1,800.62 (0.4%)
Solana ~ $21.08 (0.7%)
Polkadot ~ $6.20 (0.1%)
Flow ~ $0.985392 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
SEC’s Gensler seeks $2.4B in funding to chase down crypto ‘misconduct’
United States Securities and Exchange Commission Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”
United States Securities and Exchange Commission Chair Gary Gensler has thrown his support behind U.S. President Joe Biden’s request to allocate a record $2.4 billion…
https://cryptoinsight.ae/secs-gensler-seeks-2-4b-in-funding-to-chase-down-crypto-misconduct/
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United States Securities and Exchange Commission Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”
United States Securities and Exchange Commission Chair Gary Gensler has thrown his support behind U.S. President Joe Biden’s request to allocate a record $2.4 billion…
https://cryptoinsight.ae/secs-gensler-seeks-2-4b-in-funding-to-chase-down-crypto-misconduct/
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ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests
ARB’s price trajectory looks similar to MATIC after its market debut when MATIC rose 1,350% after facing a brutal selloff in its early days of trading.
The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set…
https://cryptoinsight.ae/arb-price-to-2-ethereum-l2-rival-arbitrum-will-double-in-april-fractal-suggests/
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ARB’s price trajectory looks similar to MATIC after its market debut when MATIC rose 1,350% after facing a brutal selloff in its early days of trading.
The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set…
https://cryptoinsight.ae/arb-price-to-2-ethereum-l2-rival-arbitrum-will-double-in-april-fractal-suggests/
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Arbitrum airdrop-related selling subsides, but DApp use sustains while smart money accumulates ARB
The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens.
The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with…
https://cryptoinsight.ae/arbitrum-airdrop-related-selling-subsides-but-dapp-use-sustains-while-smart-money-accumulates-arb/
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The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens.
The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with…
https://cryptoinsight.ae/arbitrum-airdrop-related-selling-subsides-but-dapp-use-sustains-while-smart-money-accumulates-arb/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $28,092.39 (-1.8%)
Ethereum ~ $1,799.85 (0.2%)
Solana ~ $20.42 (-2.7%)
Polkadot ~ $6.20 (0.2%)
Flow ~ $0.962007 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $28,092.39 (-1.8%)
Ethereum ~ $1,799.85 (0.2%)
Solana ~ $20.42 (-2.7%)
Polkadot ~ $6.20 (0.2%)
Flow ~ $0.962007 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
UK government announces ‘robust’ crypto regulation as part of economic crime plan
The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement’s ability to seize and store assets.
The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the…
https://cryptoinsight.ae/uk-government-announces-robust-crypto-regulation-as-part-of-economic-crime-plan/
Website | Twitter | LinkedIn | Telegram
The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement’s ability to seize and store assets.
The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the…
https://cryptoinsight.ae/uk-government-announces-robust-crypto-regulation-as-part-of-economic-crime-plan/
Website | Twitter | LinkedIn | Telegram
DAO treasuries top $25 billion for the first time: DeepDAO
Assets held in DAO treasuries have more than doubled since the beginning of 2023, according to DeepDAO.
Decentralized autonomous organization (DAO) treasuries are rapidly growing, having just surpassed a major milestone, according to DeepDAO.
According to figures from the DAO data platform, on March 31, total assets for all decentralized autonomous organizations reached a record…
https://cryptoinsight.ae/dao-treasuries-top-25-billion-for-the-first-time-deepdao/
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Assets held in DAO treasuries have more than doubled since the beginning of 2023, according to DeepDAO.
Decentralized autonomous organization (DAO) treasuries are rapidly growing, having just surpassed a major milestone, according to DeepDAO.
According to figures from the DAO data platform, on March 31, total assets for all decentralized autonomous organizations reached a record…
https://cryptoinsight.ae/dao-treasuries-top-25-billion-for-the-first-time-deepdao/
Website | Twitter | LinkedIn | Telegram
Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches
The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.
ANZ, one of Australia’s “Big Four” banks, will cease facilitating withdrawals and deposits from a number of its Australian branches as it looks to push its customers toward using…
https://cryptoinsight.ae/australian-big-four-bank-anz-halts-cash-withdrawals-from-many-branches/
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The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.
ANZ, one of Australia’s “Big Four” banks, will cease facilitating withdrawals and deposits from a number of its Australian branches as it looks to push its customers toward using…
https://cryptoinsight.ae/australian-big-four-bank-anz-halts-cash-withdrawals-from-many-branches/
Website | Twitter | LinkedIn | Telegram
Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency.
A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony.
According to reports, a top Russian official has claimed that the BRICS alliance is working on creating…
https://cryptoinsight.ae/russia-talks-up-prospects-of-brics-countries-developing-new-currency/
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A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency.
A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony.
According to reports, a top Russian official has claimed that the BRICS alliance is working on creating…
https://cryptoinsight.ae/russia-talks-up-prospects-of-brics-countries-developing-new-currency/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $28,527.64 (1.5%)
Ethereum ~ $1,823.35 (1.3%)
Solana ~ $21.07 (3.1%)
Polkadot ~ $6.29 (1.4%)
Flow ~ $0.992550 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $28,527.64 (1.5%)
Ethereum ~ $1,823.35 (1.3%)
Solana ~ $21.07 (3.1%)
Polkadot ~ $6.29 (1.4%)
Flow ~ $0.992550 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
El Salvador removes all taxes related to tech innovation for economic growth
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador.
El Salvador, the first country to establish Bitcoin as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment…
https://cryptoinsight.ae/el-salvador-removes-all-taxes-related-to-tech-innovation-for-economic-growth/
Website | Twitter | LinkedIn | Telegram
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador.
El Salvador, the first country to establish Bitcoin as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment…
https://cryptoinsight.ae/el-salvador-removes-all-taxes-related-to-tech-innovation-for-economic-growth/
Website | Twitter | LinkedIn | Telegram
Bermuda still open to crypto firms, says premier: Report
Bermuda’s Edward Burt reportedly met with U.S. lawmakers and government officials this week in Washington, D.C. to discuss common standards for digital assets.
The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with…
https://cryptoinsight.ae/bermuda-still-open-to-crypto-firms-says-premier-report/
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Bermuda’s Edward Burt reportedly met with U.S. lawmakers and government officials this week in Washington, D.C. to discuss common standards for digital assets.
The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with…
https://cryptoinsight.ae/bermuda-still-open-to-crypto-firms-says-premier-report/
Website | Twitter | LinkedIn | Telegram
Crypto exchange Bittrex to wind down operations in the US
The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023.
Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary,…
https://cryptoinsight.ae/crypto-exchange-bittrex-to-wind-down-operations-in-the-us/
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The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023.
Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary,…
https://cryptoinsight.ae/crypto-exchange-bittrex-to-wind-down-operations-in-the-us/
Website | Twitter | LinkedIn | Telegram
Here’s how the crypto industry is using artificial intelligence
The rise of artificial intelligence, though in its early stages, has found use cases in crypto through countless projects.
The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from…
https://cryptoinsight.ae/heres-how-the-crypto-industry-is-using-artificial-intelligence/
Website | Twitter | LinkedIn | Telegram
The rise of artificial intelligence, though in its early stages, has found use cases in crypto through countless projects.
The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from…
https://cryptoinsight.ae/heres-how-the-crypto-industry-is-using-artificial-intelligence/
Website | Twitter | LinkedIn | Telegram